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To: Voltaire who wrote (18225)	5/11/2000 8:11:00 AM
From: limtex	Read Replies (2) \| Respond to of 35685

Vol - Well here we all are and having fun ...sort of a bit like being in the 1st class lounge on the Titanic in April 1912. Whats all this water doing in here? Whats all the noise about why are all those people runing about on deck in the middle of the night??? I don't like to disagree with you but I don't think its the houses this time. They are going to get whacked along with everyone else who didn't get out. No this time it is Mr Greenspan who it is clear is now not going to ease up till he has broken the back of the the economy. It is that dawning realization that is causing investors both individuals and fund managers to stay out and get out when they can. If the market was going up as fast as it is going down you can be sure that Mr Greenspan or one of his colleagues would have been out there screaming about the wealth effect or exhuberance or something equally negative. Now with a near panic and many innocent people seeing their life savings dwinldling by the day does he come out and say anything calming....well does he? Anyone seen anything or heard anything from him. People will remain scared of buying anything until this man is sated in his desire to break the economy. He has several times admitted that he doesn't quite uinderestand why it has been so robust and so it seems to me that it is entirely conceivable that 8% will not slow it down and neither will 9% ..so then what?? Is there any sign whatsoever that the economy is slowing?? Not a jot of it if anything the opposite despite the rate increases that there have been. And inflation the big item has been oil and only oil. And what effect do you think that a prospective rate of over 8% will do to the market? Wall St will cease to exist. Best regards, L

To: Voltaire who wrote (18225)	5/11/2000 8:26:00 AM
From: marginmike	Read Replies (2) \| Respond to of 35685

Voltaire The bull Market is OVER. This is a Bear market, thus it is no longer a bull. I agree that we rally from here but will not see new highs for AVERY long time. A new bull will emerge, but we will be in this funky market for a whille.

To: Voltaire who wrote (18225)	5/11/2000 4:46:00 PM
From: Jim Willie CB	Respond to of 35685

I DISPUTE LOUDLY ECON THEORY CLAIMS THAT HIGHER WAGES CAUSE INFLATION no basis whatsover, no evidence, Phillips Curve is bullshit higher wage costs are a lagging indicator people earn higher wage as a reward for years of service, contribution, and shared profit higher wage costs add to cost of product, period thus higher product costs simply result is slimmer profit margins if they cannot pass on the costs with prices, then profit suffers the internet and intense competition gaurantees difficulty in raising prices Darwin is working overtime these days more efficient producers will win out with intact prices this is a competitive environment so many economists arrogantly state truisms without basis I despise their thought process / Jim Willie